Monday, November 21, 2022

German Heating Oil

 I saw this in the business news today....Tecson (the heating company) says the pricing has radically changed.

Back in May, to buy 100 liters of oil....it cost around 210 Euro.  A pretty fair sum.

Two months ago....the price was then around 150 Euro for 100 liters.

Right now...127 Euro will buy the 100 liters.  

Hit bottom?  No one says that.  Another month, it might hit near 1-to-1. 

Here's the thing.....if you went back two to three years.....1 liter was running around 50 cents.  It'll probably never go back to that level.  

What I would credit or blame this upon?  Marginal winter weather so far....and an over abundance of fuel oil out there.

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